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    Home > Chemicals Industry > New Chemical Materials > Continuous plastic shock recovery investors should wait and see for the time being

    Continuous plastic shock recovery investors should wait and see for the time being

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Tuesday, the Liansu L2005 contract rebounded, and the futures price closed at 6755 yuan / ton, +145 yuan from the previous trading day; Volume 326890 lots, +193482 lots; Position 246933 lots, -37412 lots, basis 45 yuan, -190 yuan; 5-9 spreads - 120 yuan, +15 yuan
    .

    Continuous plastic

    News: Shenhua coal chemical linear intraday auction volume 946 tons, trading volume 120 tons, transaction rate 12.
    68%, high-pressure bidding 247 tons, trading volume 32.
    5 tons, transaction rate 13.
    16%, low-pressure auction 433 tons, transaction 40 tons, transaction rate 9.
    24%, Xinjiang high-pressure auction 100 tons, transaction 20 tons, transaction rate 20%.

    Last week, the order volume of agricultural film enterprises increased by 2,665 tons compared with last week, +7.
    2%
    week-on-week.
    As the impact of public health events weakens, market activity increases, postponed demand is gradually released, and agricultural film orders increase
    .

    Spot market: The domestic polyethylene market is mixed
    .
    The opening price of the main regional sales company was partially reduced, with a range of about 150 yuan / ton
    .
    Linear futures fluctuated higher, merchants waited and watched, offers were mixed, downstream companies held a wait-and-see attitude, and the real trading atmosphere was general
    .
    As of the noon close, the North China market adjusted 50-100 yuan / ton; East China market adjustment 50-150 yuan / ton; The South China market is temporarily stable
    .

    Warehouse receipt inventory: exchange warehouse receipts reported 1588 lots, intraday - 760 lots
    .
    Main position: The top 20 long positions in the main contract are 144429 lots, -21166 lots, short positions are 180901 lots, -18988 lots, net positions are -36472 lots, net short increases
    .

    Summary: The accelerated spread of the overseas epidemic has caused market panic, and the absolute value of the two barrels of domestic oil and petrochemical inventories is still high, indicating that downstream demand has not fully recovered, which suppresses
    linear prices to a certain extent.
    However, the over-sold rebound of crude oil during the day showed that there was still some support below, and the volume of Shenhua's online auction rebounded from the previous day, indicating that downstream demand has rebounded to support prices
    .
    The future market focuses on whether the rebound trend of crude oil can be continued
    .
    Operationally, it is recommended that investors wait and see for the time being
    .

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